MrGreen Creates a Unilateral Contract with Nephew Paul

question 28

Multiple Choice

Mr.Green creates a unilateral contract with nephew Paul.Mr.Green promises to buy Paul a laptop if he gets accepted to college.In order for Paul to accept this contract what must he do?

• A) Get accepted into college
• B) Send a certified letter to Mr.Green agreeing to the terms of the contract
• C) Immediately call and orally accept the terms of the contract with Mr.Green
• D) Notify the Secretary of State's office that he accepts Mr.Green's contract

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Definitions:

Variable Costs

Costs that vary directly with the level of production or the volume of output.

Lease

A contract by which one party conveys land, property, services, or goods to another for a specified period, usually in exchange for periodic payments.

Bouquets

A collection or arrangement of flowers.

Short-Run Marginal Cost

The increase in cost a company faces to produce one additional unit of output when some inputs are fixed in the short term.